DSM B.V.
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Publicatie datum
14 dec 2010 - 07:34
Statutaire naam
DSM B.V.
Titel
DSM to complete divestment program through sale of DSM Elastomers
Bericht
Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, today announces that it has reached an agreement regarding the sale of the remaining part of DSM Elastomers (DSM Elastomers) to LANXESS for € 310 million on a cash and debt-free basis. The intended sale is expected to close in the first months of 2011, subject to regulatory and other customary approvals and notifications.
The intended sale of DSM Elastomers, producer of EP(D)M rubber under the brand name Keltan®, is a result of DSM's ambition to focus on Life Sciences and Materials Sciences. DSM Elastomers no longer fits with this focus. Earlier this year, DSM sold the business unit Thermoplastic Elastomers (Sarlink®), formerly part of this business group, to Teknor Apex Company.
The price for the DSM Elastomers business represents an EBITDA multiple of roughly 6 based on the expected EBITDA of 2010. DSM expects to report a book profit of more than € 100 million as a result of the transaction upon closing. Approximately 420 employees will transfer to the new owner upon closing.
Datum laatste update: 19 december 2025